DigitalOcean Holdings Inc. (DOCN) is priced at $90.70 after the most recent trading session. At the very opening of the session, the stock price was $84.93 and reached a high price of $86.68, prior to closing the session it reached the value of $85.86. The stock touched a low price of $84.16.Recently in News on October 7, 2021, DigitalOcean Announces Date of Third Quarter 2021 Earnings Conference Call. DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, announced today that it will report financial results for the third quarter ended September 30, 2021, before the market opens on Thursday, November 4, 2021. The company will also hold a conference call on the same day at 8:00 AM ET to discuss its financial results and financial outlook with the investment community. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, DigitalOcean Holdings Inc. shares are logging 2.51% during the 52-week period from high price, and 156.58% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $35.35 and $88.48.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1091535 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the DigitalOcean Holdings Inc. (DOCN) recorded performance in the market was 102.02%, having the revenues showcasing 68.58% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.36B, as it employees total of 581 workers.
DigitalOcean Holdings Inc. (DOCN) in the eye of market guru’s
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 59.25, with a change in the price was noted +47.10. In a similar fashion, DigitalOcean Holdings Inc. posted a movement of +109.61% for the period of last 100 days, recording 1,571,119 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DOCN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
DigitalOcean Holdings Inc. (DOCN): Stocks Technical analysis and Trends
Raw Stochastic average of DigitalOcean Holdings Inc. in the period of last 50 days is set at 98.97%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 97.29%. In the last 20 days, the company’s Stochastic %K was 82.48% and its Stochastic %D was recorded 77.23%.
If we look into the earlier routines of DigitalOcean Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 102.02%. The shares increased approximately by 8.42% in the 7-day charts and went down by 13.44% in the period of the last 30 days. Common stock shares were driven by 68.58% during last recorded quarter.